The biggest union in the platinum sector has inked a three-year wage deal after months of talks on the eve of Sibanye officially taking over Anglo American’s Rustenburg mines. Sibanye can now breathe easy for the next few years from Tuesday when it assumes ownership of the Amplats assets. A triumphant Joseph Mathunjwa, the Association of Mineworkers and Construction Union (Amcu) president, on Monday hailed the agreement with Lonmin and Impala Platinum (Implats), whose CEOs said the deal signalled maturity. "This [agreement] is way above inflation and I don’t think any union in SA can compare to themselves with us," said Mathunjwa. Amcu has signed a three-year wage deal with Lonmin and Implats after it inked an agreement with Anglo American platinum last week. The deal is standard across all three producers and will see the lowest-paid workers receiving a 12.5% wage hike (basic salary) and those in the higher band getting a 7% increase for the next three years. Housing allowances and...
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